GoDaddy (GDDY) – Investment Analysts’ Recent Ratings Updates

GoDaddy (NYSE: GDDY) has recently received a number of price target changes and ratings updates:

• 11/19/2024 – GoDaddy had its price target raised by analysts at Robert W. Baird from $200.00 to $225.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – GoDaddy was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 11/1/2024 – GoDaddy had its price target raised by analysts at Royal Bank of Canada from $175.00 to $190.00. They now have an “outperform” rating on the stock.
• 10/31/2024 – GoDaddy was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 10/31/2024 – GoDaddy had its price target raised by analysts at Robert W. Baird from $190.00 to $200.00. They now have an “outperform” rating on the stock.
• 10/31/2024 – GoDaddy had its price target raised by analysts at Piper Sandler from $172.00 to $176.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – GoDaddy had its price target raised by analysts at B. Riley from $170.00 to $190.00. They now have a “buy” rating on the stock.
• 10/31/2024 – GoDaddy had its price target raised by analysts at Benchmark Co. from $186.00 to $200.00. They now have a “buy” rating on the stock.
• 10/15/2024 – GoDaddy had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $186.00 price target on the stock.
• 10/7/2024 – GoDaddy had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $170.00 price target on the stock.
• 9/30/2024 – GoDaddy had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $170.00 price target on the stock.
• 9/25/2024 – GoDaddy had its price target raised by analysts at Barclays PLC from $165.00 to $185.00. They now have an “overweight” rating on the stock.
• 9/23/2024 – GoDaddy had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $170.00 price target on the stock.
• 9/23/2024 – GoDaddy had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $172.00 price target on the stock, up previously from $160.00.

GoDaddy Stock Performance

Shares of NYSE:GDDY opened at $190.11 on Thursday. GoDaddy Inc. has a 52 week low of $92.45 and a 52 week high of $190.54. The stock has a market capitalization of $26.69 billion, a P/E ratio of 14.69 and a beta of 1.11. The firm has a fifty day simple moving average of $164.16 and a two-hundred day simple moving average of $152.29. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company posted $0.89 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, analysts expect that GoDaddy Inc. will post 4.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Nick Daddario sold 684 shares of GoDaddy stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $157.23, for a total transaction of $107,545.32. Following the completion of the transaction, the chief accounting officer now directly owns 17,704 shares of the company’s stock, valued at approximately $2,783,599.92. The trade was a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $183.80, for a total transaction of $183,800.00. Following the transaction, the chief operating officer now directly owns 185,632 shares of the company’s stock, valued at approximately $34,119,161.60. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,845 shares of company stock valued at $4,803,380 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On GoDaddy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in GoDaddy by 0.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company’s stock valued at $2,837,000 after buying an additional 67 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in GoDaddy by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock worth $296,000 after purchasing an additional 73 shares during the last quarter. Whittier Trust Co. grew its position in GoDaddy by 4.3% during the 2nd quarter. Whittier Trust Co. now owns 1,781 shares of the technology company’s stock worth $249,000 after purchasing an additional 74 shares during the last quarter. Lindbrook Capital LLC grew its position in GoDaddy by 11.3% during the 3rd quarter. Lindbrook Capital LLC now owns 974 shares of the technology company’s stock worth $153,000 after purchasing an additional 99 shares during the last quarter. Finally, Equitable Trust Co. boosted its holdings in shares of GoDaddy by 1.3% in the 3rd quarter. Equitable Trust Co. now owns 8,435 shares of the technology company’s stock valued at $1,322,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.